Financial adviser discusses OBI recapitalization

Here's the write-up from Zachary Scott & Co.

This deal initially was announced back in March.

Silver Bay's plans

Petersburg radio station KFSK has an interesting interview with Cora Campbell, CEO of fast-growing processor Silver Bay Seafoods.

'A key step'

Silver Bay Seafoods has joined the Global Sustainable Seafood Initiative as a "funding partner."

And what is GSSI?

We wrote about it in 2017 in Pacific Fishing magazine.

Silver Bay takes OBI stake, assumes management

Here's a news release.

Silver Bay's big sale to Uncle Sam

The U.S. Department of Agriculture has purchased more than $7.5 million in canned pink salmon from Silver Bay Seafoods.

The purchase is in support of child nutrition and other domestic food programs, the agency said in this announcement.

Trident closes sale of Ketchikan plant to Silver Bay

Here's the press release.

Processing sector consolidation

One processor, Silver Bay Seafoods, is growing while another company, Peter Pan, appears to be fading away.

More details in this joint press release.

Silver Bay to acquire Trident's Ketchikan plant

Here's the press release.

Silver Bay Seafoods acquires Orca Bay Foods

Here's a press release.

State hammers Silver Bay Seafoods

Silver Bay Seafoods has been penalized $467,469 for water quality violations at Bristol Bay, the Alaska Department of Environmental Conservation says.

Silver Bay Seafoods penalized $82,500

Silver Bay Seafoods paid an $82,500 penalty as part of a settlement with the Environmental Protection Agency.

The case involved Clean Water Act violations at the company's Sitka processing plant, the EPA says.

Silver Bay's oysters

In a recent letter to state legislators, Silver Bay Seafoods describes its plans to become a major mariculture producer.

Silver Bay names Cora Campbell president and CEO

Here's the press release.

Souter joins Silver Bay

Silver Bay Seafoods has added another notable name to its management team.

Sandy Souter started with Silver Bay on Monday and "will be responsible for overseeing our Alaska fleet management," company spokeswoman Cora Campbell tells Deckboss.

Souter previously was manager — fishing operations for Alaska General Seafoods.

F/V Tlingit Lady update

Silver Bay Seafoods has acquired the seiner Tlingit Lady.

Here's the court order confirming the sale.

Silver Bay's growth spurt

Silver Bay Seafoods is buying a processing plant at Los Angeles. Here's the press release.

The company also is planning to open a new processing plant at False Pass, Alaska.

Silver Bay has posted a slew of job openings on its website, including plant manager, fleet manager, chief engineer, head of refrigeration, and more.

"Our False Pass location will process salmon as well as whitefish and will begin operations during the 2019 salmon season," says the ad for plant manager.

Cora Campbell joins Silver Bay Seafoods

Here's the press release.

Silver Bay confirms John Lowrance report

Here's the press release.

Silver Bay's new man

Deckboss just returned from Seattle, where he attended Pacific Marine Expo. It was a vibrant show this year with plenty of industry buzz.

One especially interesting note: John Lowrance is joining Silver Bay Seafoods to help smooth out problems at the company's Bristol Bay plant at Naknek.

Fishermen familiar with the move say Lowrance is taking an ownership stake in Silver Bay.

Lowrance is a respected name in Alaska's salmon industry, having founded Leader Creek Fisheries, a small but innovative Bristol Bay processor. He sold his interest in Leader Creek in 2010.

Salmon notes

Here are a few observations from the salmon season thus far.

• The statewide, all-species catch now exceeds 105 million fish. Of these, more than 49 million are sockeyes. But pink salmon catches are soon expected to eclipse sockeye catches. The state has projected a total commercial harvest this year of about 204 million salmon.

• The Bristol Bay season is essentially over, and it'll go down as a strong year. The sockeye catch stands at 37.5 million fish, or 10 million above the preseason forecast of 27.5 million. Major processors sent gillnetters home with a base price of $1 per pound, up from 76 cents last year and 50 cents in 2015.

• Dillingham radio station KDLG has an interesting story about workplace complaints at the Silver Bay Seafoods processing plant in Naknek.